Portfolio company D-Orbit announces an important step in its quest to create sustainable space logistics infrastructure; it has entered into a business combination agreement with Breeze Holdings Acquisition Corp to become a public company.
“We first backed D-Orbit in 2019 due to its vision for creating the in-space logistics market. Since then, it has established in-orbit ‘last mile’ delivery solutions for satellites, having now successfully delivered more than 70 payloads into orbit via its ION Satellite Carrier spacecraft– something very few other companies have matched. These same ION spacecraft are now also starting to form the basis of the space-based infrastructure that will be used to do everything from cleaning up orbital debris, servicing other satellites, to hosting space-based cloud computing. While there can be no certainty until the proposed transaction is completed, today’s announcement is an important step in D-Orbit’s quest to create sustainable space logistics infrastructure.”
James Bruegger, CIO of the Company’s investment manager, Seraphim Space (Manager) LLP, and a main board director of D-Orbit